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NOTICE OF PUBLIC HEARING

 

At its April 4, 2011 meeting, the Board of Commissioners (the “Board of Commissioners”) of the County of Haywood, North Carolina (the “County”) adopted a resolution which:

  1. Authorized the County to proceed to pay the capital costs of the acquisition and installation of necessary improvements to the Haywood County Fairgrounds (the “Project”), pursuant to an installment financing contract (the “Contract”), in a principal amount not to exceed $350,000 under which the County will make certain installment payments, in order to make the Project available to the County;
  2. Authorized the County to proceed to provide, in connection with the Contract, as grantor, a deed of trust and security agreement (the “Deed of Trust”) on all or a portion of the real property on which the Project is located (the “Mortgaged Property”), which Mortgaged Property will be mortgaged by the County to create a lien thereon for the benefit of the entity, or its assigns, providing the funds to the County under the Contract.  The real property on which the Haywood County Fairgrounds is located is at 758 Crabtree Road, Waynesville, NC 28785.

The Mortgaged Property will be subject to the mortgage provided in the Deed of Trust.  On payment by the County of all installment payments due under the Contract, the Deed of Trust and any lien created thereunder will terminate and the County’s title to the Mortgaged Property will be unencumbered.

 

NOTICE IS HEREBY GIVEN, pursuant to Sections 160A-20 of the General Statutes of North Carolina, that on April 18, 2011 at 5:30 p.m. in the County Commissioners’ meeting room of the Haywood County Courthouse, Waynesville, North Carolina, a public hearing will be conducted concerning the approval of the execution and delivery of the Contract and the County’s acquisition and installation of the Project.  All interested parties are invited to present comments at the public hearing regarding the execution and delivery of the Contract and the Project to be financed thereby.

 

/s/  Marty Stamey

Clerk to the Board of Commissioners

County of Haywood, North Carolina